Start a business, they said. It will be fun, they said. You will make tons of money working for yourself. Are those the thoughts you had when you first started out on your entrepreneurial journey? But now you are smack dab in the middle of running a business and are struggling more than you could have expected.
You are confident in your ability to do the “thing” that your business does. Still, the business world is not what you anticipated. A growing list of things needs your attention, and you don’t know how to get it all in.
In addition, several of those things are business tasks you’re not really sure how to do. For example, you don’t understand your numbers and what reports you should be looking at, even though you might pretend you do when talking to others.
And on top of everything, your journey to growing a business has been incredibly lonely.
There is no one to celebrate your success with. There is no one to lean on for support and encouragement when needed. It all falls on you, and some days it feels like no one else understands.
If you can relate to some, or all, of this, we see you.
There are many challenges as a small business owner or solopreneur
You aren’t alone in your struggle, even if it feels like it some days (or a lot of days.)
Starting and scaling a business requires different skills than it takes to provide the product or service the business offers. Many people start a business without the business knowledge and skills they need to scale successfully. Things may go well at first, but then they start to run into challenges, including:
- Cashflow challenges
- Working long hours with no work-life balance
- Not knowing when to make the first hire
- Hiring the wrong people and not knowing how to pivot
- Too much work and not enough time
- Not having anyone to bounce ideas off or get feedback from
But the good news is that anyone can learn how to run and scale a business if willing to learn.
Benefits of group business coaching
SPEARity offers group business coaching where you can learn from a business coach while connecting with other business owners and entrepreneurs who are working to grow their skills and scale their businesses. Some of the benefits of the group coaching program are listed below.
Gain much-needed encouragement
When you’re working alone, no one is there to help pick you up when you’re feeling down. And, every entrepreneur faces their fair share (or more) of challenges as they set out on their own and grow a business.
While it might feel exciting at first, the hard days are—hard—when you’re alone.
You may have a great network of friends and family around you, but if they aren’t also running a business, they may not know how to relate to some of your struggles. They may not know how to encourage you because they have never walked the path that you’re on.
This is part of the beauty of group coaching. You connect with others that have faced or are currently facing similar challenges. It can be easier for them to encourage you because they know what you’re going through and what type of encouragement they want to hear.
You are on a shared journey.
Find a group that will celebrate with you
Entrepreneurs understand how challenging it is to scale a business. It’s essential to celebrate your small successes along the way, but it can be lonely to celebrate alone. When you’re running your business on your own, there is no one to pat you on the back and tell you, “Good Job!” And while you don’t necessarily need someone else to recognize your success, it definitely feels good to have the support of others who “get it.”
Group coaching helps you connect with other business owners that understand how hard it is to hit milestones when scaling a business. This means they understand why that “small” success feels like a gigantic success.
Learn from the experiences of others
We can learn a lot from other business leaders and entrepreneurs. Group coaching allows you to learn from the stories and experiences of others. It also provides a group of like-minded people who you can ask for ideas or advice. You can share challenges you’re facing and get support from others who have been there before or are in the middle of the same challenge.
Build a network that isn’t only trying to get your business
If we’re honest, we know most people attend networking events with the goal of trying to meet people they can convert into customers. Many different networking groups can help your business gain new customers. Still, you also know from the start the goal of the group is to pass referrals.
Sometimes, it’s nice to connect with other business owners and leaders who aren’t only trying to gain something from you.
Group coaching allows you to connect with others you may want to do business with in the future, but that’s not why you are connecting with them (or why they are connecting with you.)
Are you ready to give group coaching a try?
The SPEARity group coaching program is for everyone, from solopreneurs to business owners working to grow their teams and scale. Find out more about group coaching by contacting us today.